ECC bans onion export, sets wheat procurement target at 8.25m tonnes

Dawn | Feb 20, 2020 at 6:58 AM
  • Panicked by rising inflation affecting the general public, the government on Wednesday banned export of onions and set a target of wheat procurement for coming season on federal and provincial levels at 8.25 million tonnes at a minimum price of Rs1,365 per 40 kg.
  • The petroleum ministry had proposed that the MoC should issue an SRO to change the nomenclature of five zero-rated industries to export-oriented sector, including textile (including jute, carpets, leather, sports and surgical goods).
  • Now, the SNGPL will issue upfront adjusted invoices at a concessional tariff of $6.5 per mmBtu to export consumers and simultaneously raise verified subsidy claims for the differential amount of the preceding month within first eight days and the Finance Division would release the subsidy amount within a week.